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Owners put Erneside up for rent Posted: 5:08 pm June 9, 2021
By Roisin Henderson
ERNESIDE Shopping Centre is up for rent.
The centre, which has been particularly busy in recent weeks as the county reopens following a long lockdown, is currently being advertised as available for lease.
It is understood owners Ellandi, known in the investment industry as shopping centre experts, are seeking a potential leaseholder for the centre, which it bought along with estate asset management firm Tristan Capital Partners in 2015. The companies had bought the centre from the Diageo Pension Trust, which had owned it since it opened in 1998, for a cool £34.25 million.
By IPE staff2021-06-01T10:42:00+01:00
Tristan Capital Partners is buying a €1bn diversified real estate portfolio in Germany on behalf of its EPISO 5 opportunistic fund.
The manager said it has agreed to buy the non-listed portfolio controlled by Summit Real Estate Holdings, and 77% of the listed GxP German Properties platform.
The total commercial platform is made up of 69 assets. The 630,812sqm portfolio comprises around 60% of knowledge office space, 30% warehouse/industrial space and the remainder is made up of necessity-led retail parks and mixed-use assets.
Tristan Capital said the portfolio offers significant value creation opportunities, including the potential for development across residential, office and industrial sectors, in markets where the manager has a strong track record, including Berlin, Heidelberg and Cologne.